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Queensland Government's betting tax

Labor win means gambling tax for Queensland – EziSports

Labor's controversial betting tax looks certain to become a reality.

The Palaszczuk government will retain office in Queensland following the state election on Saturday.

The final, postal and absentee votes still need to be counted, but the LNP has been soundly smacked by their rivals in the Sunshine State.

In the lead-up to the election, Labor promised four new taxes to help boost state coffers if they win.

That includes a betting tax, aimed squarely at the bookies offering a platform for Queenslanders to bet on racing and sport.

So what does that mean for Queenslanders?

Will these taxes impact the average punter?

Yes and no. If you are betting on sports or races using apps or websites, nothing should change.

The new tax will basically force companies operating in Darwin or overseas to pay their way in Queensland.

It follows a similar move from South Australia which came into effect in July this year. That means it is the betting companies the will be slugged, not the individual punters.

The tax will hit these companies with a 15 per cent levy on the net wagering revenue. It is estimated to reap $90 million over the next three years.

So while punters will not have to pay anything extra out of their own pocket, there could be impacts in relation to promotions etc that they have enjoyed in the past.

Sponsored events like the Crownbet Darwin V8s, Ladbrokes Derby Day and the Bet365 Sprint Day will be sweating on future arrangements.

Who will it effect?

There are many, familar betting organisations that are based out of Darwin.

They include big names like Crownbet, Ladbrokes, Centrebet, Luxbet and Bet365. This is because the Northern Territory has the most comfortable tax laws for them to operate under.

These bookmakers have to pay 10 per cent tax, but there is a cap that means everything earned beyond that is tax exempt.

Premier Annastacia Palaszczuk

Queensland Premier Annastacia Palaszczuk and Queensland Minister for Racing Grace Grace. Image: News Corp Australia

The reaction to the betting tax

Lottoland, based in Gibraltar and responsible for the ridiculous name change of Brookvale oval, have accepted the tax.

Chief executive Luke Brill said they were willing to pay their fair share once the proper framework was put in place.

"With this move, every time a punter places a bet with Lottoland in Queensland, we will be able to contribute to important infrastructure and community projects in the state," he said.

What happens next?

The final dominoes need to fall before the new Queensland Government is formed.

Labor need 47 seats to assume a majority government, but that is not totally assured at this point.

If Labor fails to reach 47 seats once all votes are counted (and probably re-counted), then the party will likely have to strike a deal with independends, Katter's Australian Party and One Nation.

To get this tax off the ground in a minority government, Labor would need these minor MPs to agree to it.

About the Author Josh Alston

Josh Alston is a hack with over 12 years industry experience, covering sport across all codes for newspapers and online agencies. Known to frequent grade matches because of their cheap tinnies. Eventually graduated with a Bachelor of Journalism and a Masters in sitting on the hill when the local cricket side was playing. Softball premiership winner, rugby league legend in Year 10 and no stranger to Doomben Racecourse.

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